Bitcoin sank to its lowest value in more than a year this week, faling to $63,000 on Thursday, about half its all-time peak of $126,000 in October 2025
It’s part of a wider shock to crypto prices. The second-largest cryptocurrency, ether, has faced losses of more than 30% this year alone.
The months-long dip in cryptocurrency prices has tanked shares of companies that have increasingly invested in bitcoin, exacerbating broader stock market jitters. CoinGecko data shows that the global crypto market has lost $2tn in value since early October. Meanwhile, gold has soared in value as investors seek safe haven assets.
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